West Palm Beach, Fla. — Holliday Fenoglio Fowler L.P. has arranged $165 million in financing for Palm Beach Outlets, a 459,633-square-foot open-air outlet center in West Palm Beach.
Kennesaw, Ga. — CBRE Capital Markets’ Debt and Structured Finance team has arranged $78 million in acquisition and construction financing for Kennesaw Marketplace, a 288,000-square-foot shopping center located in Kennesaw.
Northbrook, Ill. — Pine Tree Commercial Realty has named four new vice presidents.
San Francisco — Gap Inc. is streamlining its retail business by slimming its store count to 800 Gap stores in North America, the company outlined in a statement ahead of an investor meeting scheduled today.
Bloomfield Hills, Mich. — Bloomfield-based Agree Realty Corporation has acquired 11 retail properties for approximately $26.5 million.
Rancho Cucamonga, Calif. — Progressive Real Estate Partners has arranged the sale of Rancho Plaza, an 11,691-square-foot retail center located in Rancho Cucamonga, for $6.8 million.
Smithfield, N.C. — Carolina Holdings, Inc. has broken ground on Smithfield Landing, a two-building retail property totaling 9,048 square feet.
Fairless Hills, Pa. — Tightline Equities, a subsidiary of Branchburg, New Jersey-based Larken Associates, has acquired Fairless Hills Shopping Center, a 290,678-square-foot grocery-anchored retail center located in Fairless Hills in a joint venture with Red Starr Investments LLC.
Country Club Hills, Ill. — Tucker Development has arranged three new leases for Country Club Plaza, a retail property in Country Club Hills.
Chicago — CBRE has named Phillip Golding the firm’s vice president of urban retail.